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CFPB launches probe of US data broker industry that could expand FCRA enforcement

By Mike Swift ( March 15, 2023, 21:52 GMT | Insight) -- The data broker industry represents “modern data surveillance" and could be the source of significant privacy violations to US consumers, the director of the Consumer Financial Protection Bureau said today as the consumer protection regulator launched a broad probe into the industry. The CFPB is planning new rulemaking for the Fair Credit Reporting Act (FCRA) and the data broker probe is expected to inform that process, as well as uncover industry privacy abuses.In an action that could broaden the enforcement reach of a key US privacy law to data brokers, the US Consumer Financial Protection Bureau launched an expansive probe today into the growing galaxy of companies that collect and market the personal information of Americans....

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